Sector News

Changes to Raisio’s management as Kotka resigns

May 17, 2017
Consumer Packaged Goods

Finnish company Raisio, the parent company of Benecol, has announced that the vice president of its Confectionery business, Sakari Kotka, has resigned from the company.

It has reported that Kotka, who is also a member of the company’s Group Management Team is leaving immediately.

Starting 15 May 2017, Raisio’s local directors in the UK and Czech confectionery businesses are reporting directly to chief executive Jarmo Puputti until further notice.

Puputti has been the interim-CEO since his predecessor, Matti Rihko, resigned from his position at the start of the year. Rihko had held the position of CEO at Raisio since November 2006.

Decline

Earlier this year, the group announced net sales of €436.3 million for 2016, which was €521.2 million for 2015.

In addition to this, it also posted an 18.9% decrease in net sales in its first quarter, to €92.5 million.

Raisio is best known for brands such as Benecol, Benemilk, Elovena, Fox’s and Poppets.

Source: European Supermarket Magazine

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